Colorado vs Wyoming
Colorado has a progressive state income tax reaching 4.40%. Wyoming has no state income tax on wages. Federal tax is identical in both, so the state layer is the whole difference.
Nothing compared yet. Add a country above, then change the country and add another to compare them side by side.
The difference is the state layer
Wyoming levies no income tax; Colorado applies a flat rate to nearly all of it.
US$1,932 a year apart on US$60,000, in favour of Wyoming
| Gross | Colorado keeps | Wyoming keeps | Difference |
|---|---|---|---|
| US$30,000 | US$25,673 | US$26,285 | US$612 more in Wyoming |
| US$60,000 | US$48,458 | US$50,390 | US$1,932 more in Wyoming |
| US$100,000 | US$75,488 | US$79,180 | US$3,692 more in Wyoming |
| US$150,000 | US$107,899 | US$113,791 | US$5,892 more in Wyoming |
Both use the USD, so these are the same amount of money on both sides. Figures are for a single filer and exclude cost of living, and include federal tax and payroll taxes, which are identical either side.
Both states apply the same federal income tax, Social Security and Medicare. Enter a salary above and switch the state selector between Colorado and Wyoming to see the gap on your own number.
Local taxes are not included, and they can change this comparison where one of the two has significant city or county income taxes.